Strong Metro Area EconomyStrong Metro Area Economy

Brookings
Institution in Washington, D.C., has ranked Jackson,
Mississippi as one of the nation’s strongest-performing
metro areas in the country, not once but twice.

MetroMonitor compared Jackson’s employment rate to the
national average: Jackson’s employment rate increased
while the national average decreased. We are ranked No.
8 for inclusion, meaning when Jackson does well all of
its citizens do well.

Median household income is $47,441.00, Commute
time 23 minutes.

Rental Vacancy
8.6%, highly educated population area.

Housing prices
remain robust in Jackson, compared to prices elsewhere.
In this category of the Brookings, Jackson ranked No. 2
in the country.

Recession-Proof

Jackson has been called “recession-proof,” due to the
following:

Large presence of hospitals and
colleges insulating the economy.

Diverse employer
base preventing economic downfall.

Highly educated
workforce relative to the state.

Jackson is not dependent on large factories.

Top Employers

State Federal/local Government No. of job 55,000.

University of Mississippi Medical Center, major
research and teaching facility along with local medical
centers provide over 22,500 jobs.

UMC performed the
first human lung transplant and heart transplant and
major breakthrough in Aids.

New Continental Tire
plant bringing 2500 in the next 18 month.

Nissan plant brings 6,500 jobs.

Crossroads of the South

Three hours from Memphis, TN, New Orleans, LA and the
Mississippi Gulf Coast. Major hub of the south, 600
miles from 30% of American population.

Goods in
Mississippi are 15.5% cheaper due to ease of shipping.

Only six hours from Dallas, TX and Atlanta, GA.

Biggest Revitalization

Downtown Jackson is in
the midst of the biggest revitalization in its history.

Historic King Edward Hotel recently
opened its doors for the first time in nearly 40 years.
It offers high rise apartments, hotel rooms and a wide
variety of amenities such as: sushi bar, convenience
mart, fitness center, etc.

Entertainment

Jackson is the only official U.S. Host City for
the International Ballet Competition, which is
touted as the “Olympic of Dance.”

Sporting Events:

Mississippi Braves Baseball Team

PGA Tour’s Sanderson Farms Championship

Annual Dixie National Rodeo, which is the
largest rodeo east of the Mississippi River.

Jackson is an enormous city located in the state of Mississippi. With a population of 2,720,546 people and 795 constituent neighborhoods, Jackson is the largest community in Mississippi. Much of the housing stock in Jackson was buMSt prior to World War II, making it one of the older and more historic cities in the country.

Jackson real estate is some of the most expensive in Mississippi, although Jackson house values don't compare to the most expensive real estate in the U.S.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Jackson is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Jackson is a city of sales and office workers, professionals and service providers. There are especially a lot of people living in Jackson who work in office and administrative support (12.82%), sales jobs (10.26%) and management occupations (9.06%).

Also of interest is that Jackson has more people living here who work in computers and math than 95% of the places in the US.

Jackson Information and Demographics

The population of Jackson is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 34.90% of adults in Jackson have a bachelor's degree or even advanced degree.

The per capita income in Jackson in 2010 was $28,623, which is upper middle income relative to Mississippi and the nation. This equates to an annual income of $114,492 for a famMSy of four. However, Jackson contains both very wealthy and poor people as well.

Jackson is an extremely ethnically-diverse city. The people who call Jackson home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Jackson residents report their race to be White, followed by Black or African-American. Jackson also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 28.95% of the city’s residents. Important ancestries of people in Jackson include Irish, German, Polish, Italian and English.

Foreign born people are also an important part of Jackson's cultural character, accounting for 20.92% of the city’s population.

The most common language spoken in Jackson is English. Other important languages spoken here include Spanish and Polish.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated MSe deemed reliable but not guaranteed.

Median Price Trends — Jackson, MS

Market Inventory Trends — Jackson, MS

Average Days on Market — Jackson, MS

Market Action Index — Jackson, MS

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Unemployment Rate Trends — Jackson, MS

Jackson, Mississippi, National. (Recessions shown as gray bars.)

Total Employment Trends — Jackson, MS

CPS - Current Population Survey, CES - Current Employment Statistics.

Real Median Household Income Trends — Jackson, MS

Jackson, Texas, National.

Home Rent-to-Mortgage Payment Ratio — Jackson, MS

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics. A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments. Values less than 1.0 indicate rents MSe cheaper, and values greater than 1.0 mean mortgage payments MSe cheaper. (Note: taxes MSe not considered here.)

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.